Freelancing is your own business, right? You are your own boss, no 9-5 crack and other benefits. But many freelancers don’t understand a very important concept.
Every business has to have, what we call, as a plan, or a business plan. Even your freelancing campaign should have a business plan. However, not all freelancers need not have a formal business plan like the ones which you’d take to banks or investors. But all freelancers have to have some sort of business plan for freelancer Web designers.
Although creating a professional formal freelance business plan is not required by all and is also boring as well as tedious to create, it however, offers some great benefits that leverages your freelance campaign.
- Creates a real business in the client’s eye as well as in the freelancer’s eye. Hence, both the parties take their meetings, negotiations, and their entire relation very professionally and seriously.
- A business plan for freelance Web designers comes in very handy in legal situations, to differ a business from a hobby.
- Keeps the business owner (freelancer) updated with the recent activities, and on track with the development of business.
- Promote a monthly budget to long term financial structure.
- Your freelance business plan can be an effective tool to withdraw loans from banks and investors.
This post will give you an overview of what every freelancer must include in his/her business plan.
Vision is what creates a difference between “any freelancer” and “a freelancing business”. The vision gives your freelancing campaign a purpose and paves a path for your campaign. To know your vision, ask this question to yourself “Where would I like to see my freelancing after 10 or maybe 20 years?” Your vision is basically the biggest goal that you want to achieve with your business plan for freelance Web designers.
For example, a vision is the difference between starting as a normal freelancer and starting a freelance business which specializes in customizing WordPress themes.
Once you’ve decided your vision, the next thing is to lay out your freelancing goals.
Goals are the objectives set by you, for which you strive for your freelancing business. To achieve your vision, you must create consecutive goals for yourself while creating freelance business plan. As you walk down to freelancing road, you keep on achieving your goals until you reach the final destination, which is your vision.
One can also think of it as similar to climbing a mountain, where each checkpoint is your goal and the peak is your vision. Each goal that you set for your freelancing career must be highly specific, measurable, achievable, time-based.
For example; , lay out your goals that that’ll draw you closer to the vision of freelance business in customizing WordPress themes.
C. What You’ll Do?:
These are the action steps that you’ll take to achieve your goals. These business plan for freelance Web designers steps need to be extremely specific and detailed. This section has to be amendable. It may happen that you will have to tweak certain steps, either achieve a particular goal or to make your freelance campaign go smooth.
At the end your time period, you need to measure how good you were at achieving your goals. You must be able to answer, ( I am being a bit pessimist here) why your working efficiency was low?, or Why were you not able to meet your set goals?, or What was the reason for your failure? These analyses have to be done regularly so that you can rectify your mistakes in the near future and can set proper future goals.
These were the points in business plan for freelance Web designers which any freelancer should include in his/her business plan. Below are the additional points that a formal business plan should have.
Kindly note that a formal freelance business plan should also include above points.
The next thing is your description which must be a brief journey of your entire freelancing campaign. It must include:
- Description of your business.
- Mission statement
- Qualification for doing this business
- Legal structure.
- Unique Selling Proposition
- Business structure
Your mission statement must include – your reasons for being in this business, your target customers, what customer needs that your business fulfills, how you will meet those needs in your freelance web business plan.
2. Products and services:
This part should include all the products and services that your business has to offer. Include all the specific services that your freelance web business plan includes. Lay out all the price of your services. Check out our post on freelance pricing strategies to get some help to price your services.
3. Marketing & Sales:
In this section, you’ll have to outline about who your target customers are, how your business satisfies them, your marketing strategies, ways of finding clients in freelance web business plan. Basically this conveys how you will be making money for your freelance business.
This business plan for freelance Web designers section deals with the financial point of view of the project. Here you’ll describe how much money you’ve available, projected expense (including everything), projected income, expected break even time and every other matter that includes money. Better contact an accountant for this purpose.
Depending on how serious you want to take your freelancing career, you may wish to create a fully professional freelance web business plan or just a simple business plan. Review your business plan once or twice after you’ve created it. Don’t rush while creating it. Take your time and churn out a perfect freelance business plan.
What steps did you follow for creating a business plan for freelance Web designers ? Do you have any special tips for our budding freelancers? Give your thoughts, suggestions and views via comments.
If you are looking for a step by step process to start your own freelance web design, you can visit our Complete guide to become freelance web designer to reach near targeted visitors. Please feel free to leave any comment you have in your mind.